Ramco Systems Shares soar on aviation software launch

11 Sep 2024 , 12:43 PM

Ramco Systems’ shares rose 6% to a 52-week high of Rs 455 in BSE trading on Wednesday, following the release of their latest Aviation Software version 6.0.

The new software is intended to revolutionise maintenance, repair, and overhaul (MRO) operations, as well as maintenance and engineering (M&E) processes, using sophisticated technology and AI-driven capabilities.

The business stated that Ramco Aviation Software 6.0 incorporates a variety of modules, including contracts, engineering, planning, maintenance, supply chain management, finance, ePUBS, and mobility solutions, to solve future aviation concerns.

Notable new features include a dedicated Engine MRO Module, which optimises engine maintenance operations, and a Maintenance Control Centre (MCC) Hub, which streamlines aircraft readiness inspections. Other capabilities include the Aviation Material Requirements Planning (MRP) Module, Graphical Quote Comparison Tool, Purchase Automation Framework, and Enhanced Pricing Solutions.

At 12:40 p.m., the scrip was trading 3.1% higher at Rs 440.9 on BSE. The stock is up 35% in the last three months and 55% in the last year.

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